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Watch summary 👉
Bitcoin hit $75,000 overnight and is forming a bottoming pattern targeting $77,000, but the daily and weekly charts are flashing serious bearish signals including a developing head and shoulders pattern with a neckline at $75,145 and a target of $67,000. The Trading Parrot reveals the urgent action he's taking on his short position — setting a break-even stop-loss at $77,000 to manage a potential bounce into the $79,000 CME gap — while macro indicators like the weekly RSI "goodbye area" and aggressive whale selling point to accelerating downside. Watch now to see exactly how he's managing the trade and what levels to watch in June.
00:00 Bitcoin hits $75K overnight, bottoming formations overview
02:41 CME 1-hour bottoming pattern and open CME gaps analysis
05:46 Daily RSI hidden bullish divergence and bear flag channel
08:43 Daily head and shoulders forming, $75K neckline and targets
09:55 Weekly RSI bull market support band at risk of breakdown
13:47 30-day levels and Purple Whales flipping bearish
17:03 Spot bidding vs futures divergence and open interest
20:39 Summary: short management plan and key targets
#Bitcoin #BTC #BitcoinAnalysis #CryptoTrading #BitcoinShort